Corn futures fall to to five-week low on weak technicals, soft demand; soybeans, wheat lower ahead of USDA reports.
Grain, soybean futures gain on concern over Ukraine shipments, return of Midwest heat next week.
The European Union has agreed on a 7% cap for food-based biofuels. Germany is seeking to reduce that figure further.
History strongly suggests retailers will be buying beef quite strongly over the next six weeks.
Farmers in Canada are struggling to plant crops in fields that are either too wet or too dry in the Prairie provinces.
One of Brazil’s largest farmers plans to reduce fertilizer use by a quarter next season, relying on more precise applications and soil testing to maintain crop yields, Bloomberg reported.
U.S. consumer demand for retail meat remains exceptionally strong despite higher prices stemming from increased production costs and supply-chain limitations.